At a time when it seems there’s not much good financial news, thousands of Auckland households and businesses will be
happy to hear that the annual Entrust dividend is now being distributed to eligible beneficiaries in central, east, and
south Auckland.
The total payment of $364 consists of this year’s Entrust dividend of $334, plus $30 from Vector. Depending on the
beneficiaries chosen payment preference option, this amount will either be paid directly into their bank account or
credited to their power account.
Entrust is the majority shareholder of Vector and each year its beneficiaries, Vector customers within the Entrust
District, are paid a cash dividend. Representing New Zealand’s largest dividend distribution, over $2 billion dollars
has been distributed by Entrust since 1994. This year will see $119.9 million injected into the Auckland economy.
“It’s heart-warming to think of the smiles that the Entrust dividend will likely be received with when 359,000 eligible
Aucklanders spot it in their bank account, or as a credit on their power bill,” says Entrust Chair, William Cairns.
“Many Aucklanders have been doing it tough again this year, so this payment has been long anticipated. It’s great to
share the good news that a little help is on its way.”
Anyone who was an Entrust beneficiary on Wednesday 9 August is eligible for this year’s payment. People are eligible
where, on that date, they were the person/s named on the power bill (which included paying Vector electricity lines
charges). They must also have been located within the Entrust District of central, east, and south Auckland. Full
details on eligibility requirements are available here.
Payment of the Entrust dividend is made directly to bank accounts or power accounts. If Entrust did not have enough
information to make the payment, beneficiaries will be sent a dividend notification asking for bank account details so
the dividend payment can be completed.
Cairns added; “We really hope this small financial boost will make things just that little bit easier for those
receiving it.”
For more information about the Entrust dividend, head to www.entrustnz.co.nz.